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West Contra Costa Unified School District September 21, 2011 - - PowerPoint PPT Presentation
West Contra Costa Unified School District September 21, 2011 - - PowerPoint PPT Presentation
West Contra Costa Unified School District September 21, 2011 2010-11 Unaudited Actual Report Unrestricted General Fund 2010-11 Estimated Unaudited Revenues/Other Sources 169,273,746 171,152,109 168,930,231 168,152,632
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Unrestricted General Fund 2010-11 (continued)
Estimated Unaudited Components of Ending Fund Balance:
Reserve for Revolving Cash
70,000 70,000
Stores Inventory/PPE
230,000 237,233 Legally Restricted Balance 60,000 Designated Amounts Economic Uncertainties 8,702,373 7,860,452 Unappropriated Amount 6,780,563 10,211,213
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Restricted General Fund 2010-11
Estimated Unaudited Revenues/Other Sources 112,146,779 95,370,121
Expenditures/Other Uses
121,148,865 93,852,331
Net Increase/(Decrease) in Fund Balance
(9,002,086) 1,517,790
Beginning Fund Balance
25,612,526 25,612,526
Restricted Ending Balance, June 30
16,610,440 27,130,316
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Other Funds
Adult Education Cafeteria Child Development Deferred Maintenance Special Reserve Building Capital Facilities Special Reserve Capital Outlay County School Facilities Bond Interest & Redemption Debt Service (COPs) Debt Service Self Insurance Retiree Benefit
The district administers 14 other funds with expenditures totaling $193 million
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Impact to 2011-12
- The closing of the books affects the
beginning fund balance for 2011-12
– The actual fund balance for the unrestricted general fund are increased the adjustment to the beginning fund balance occurs at first interim
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Cash Position
- Unrestricted General Fund Cash
– Negative $ 12.3 million
- Restricted General Fund Cash
– Positive $25.7 million
- Net Cash in General Fund $13.4 million
– Account Receivable and due from grantors $49.6 million in restricted and unrestricted $33 million is due to State revenue deferrals
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Final Steps for 2010-11
- The report presented tonight will be
submitted to…
– The County Office of Education – The California Department of Education – District Auditors
- Final Financial Statements are contained in